Cost of Living in United States in 2024: City & State-Wise Cost

Average Cost of Living in USA

 Let’s have a look at the average cost of living in USA for Indian students and international students. This section will give a brief idea to you about the major expenses that are further elaborated in the blog:

Average Cost of Living in USA for Indian Students

As everyone knows, the cost of living in America is far greater for Indian students than in other countries. When planning to study in the USA, it’s critical to account for all associated costs to prevent financial issues.

Here is a table that breaks down the many components that go into the total cost of living in the United States of America:

Also, read: Cost of MS in USA

Average Cost of Living in USA for One Person

Now that we have had a look at the average cost of living in USA, let’s focus more on the what is the cost of living in USA for one person-

What is the Cost of Living in the USA: City and State-wise

 When talking about the cost of living in USA, it is essential to know the cost of each city in the states. The tables below highlight the big cities and, subsequently, the low cost of living states in USA for your better understanding of the cost of living in USA in different areas. 

So, let’s have a look at the details of both costs for big cities and suburban cities-

Accommodation Cost in the USA

The typical rent in the US is also influenced by where your school is located. Renting a single or shared residence can benefit you from the off-campus living option. When living off campus, you can share your space, reducing your expenses. However, you must also factor in the costs of your regular commute to and from school.

Buying

In the long run, purchasing a home may be more economical. Recent U.S. Census Bureau data shows that the country’s median house value is $226,800. In the priciest cities, such as San Jose, California, and Honolulu, Hawaii, that figure jumps to $338,900. Conversely, the median house value is less than $130,000 in some of the cheapest regions, like El Paso, Texas, and Flint, Michigan.

Renting

Renting a house usually comes with less of an initial financial commitment and offers greater freedom. The location also has a big impact on rental pricing. Based on the most recent data from Apartment List, the median asking rent for a one-bedroom apartment in the US is $1,224. In some of the most costly locations, including San Francisco and New York City, that figure soars to almost $2,300.

In the cheapest markets, the typical rent for a place having a one-bedroom apartment is less than $1000 in Toledo, Ohio, and Wichita, Kansas.

Other Expenses

Both homeowners and renters are responsible for paying property taxes, homeowners insurance, and other maintenance expenses in addition to the cost of purchasing or renting a home. The location, size, age, and municipal tax rates of the home can all greatly impact these expenses.

Also, read: Cost of Studying in USA

Food and Groceries Cost in the USA

Food is yet another crucial factor to consider when calculating the average cost of living in USA. Food prices can vary for several reasons, including lifestyle choices, food types, and geographic location. This is a summary of the average price of food in the United States.

Groceries

In the United States, food prices vary based on your location and the retailers you visit. Big box retailers such as Walmart, Kroger, and Safeway sometimes provide lower prices than speciality shops. Grocery bills for a single individual often range from $250 to $350 per month. This can change according to your region, dietary habits, and whether you purchase premium or organic goods.

Eating Out

In the US, dining out may get pricey, but it also depends on the kind of restaurant you visit. Lunch at a more luxury establishment like The Cheesecake Factory can set you back upwards of $30 per person, whereas a casual restaurant like Applebee’s typically costs about $15 per person. Fast food establishments are often less expensive; a meal at McDonald’s costs about $7.

Farmer’s Market

Farmers’ markets are excellent places to get local, fresh products. They often provide more cheap produce than grocery stores; however, pricing might vary based on the season and the commodity’s availability.

Special Diet Wants

For those who adhere to particular diets, such as vegan or gluten-free, the expense of living in the United States may be greater. Compared to their non-specialty equivalents, these items are typically more costly. For instance, a standard loaf of bread costs around $2, while a gluten-free loaf might cost up to $5.

Transportation Cost in the USA

One major component that may have a big influence on the total cost of living is transportation. This is an outline of the average transportation costs in the United States to give you an idea of the same:

Public Transport

Public transit, including buses, trains, and subways, is available in many American cities and may be an affordable means of transportation for individuals. In New York City, for instance, a single bus or subway journey might cost about $2.75, but a monthly unlimited pass can cost about $127. A monthly pass in Los Angeles might cost around $100, while a single bus or rail journey can cost about $1.75.

Ride-Sharing

Utilising ride-sharing services like Uber and Lyft is an additional means of transportation for individuals. A shorter trip inside the city may cost between $10 and $20, whereas transport from the airport to a university in a large city could cost between $30 and $50.

Car Rental

The kind of automobile, the duration of the rental term, and the rental provider may all affect the cost of a car rental. For instance, the cost of a basic automobile rental in New York City might range from $60 to $80 for a single day to $300 to $500 for a whole week.

Car Ownership

The cost of owning a car might vary based on the type and manufacture of the vehicle, as well as the price of maintenance, insurance, and registration. For instance, the price of a secondhand automobile can come between $2,000 to $10,000, and the annual cost of registration and insurance might be several hundred dollars. Furthermore, the age and condition of the vehicle might impact maintenance and repair expenses.

Also, read: How to Study in USA for Free

Healthcare Cost in the USA

Most US institutions require overseas students to have adequate health insurance when they enrol in their programs. At certain institutions, you may buy particular health insurance policies on campus. Therefore, various insurance requirements may apply based on the type of visa you hold.

Cost of Utility in the USA

The cost of living in USA is also dependent on household bills, which include all the utilities. The thing that needs to be considered is in which state, municipality, city, etc, the student is residing. Let’s have at the average expenses of the same- 

Electricity

Electricity is the most commonly utilised utility in the US, with a cost per kWh ranging from $0.09 to $0.35. The average cost of a kWh of electricity in the US is $0.13. Furthermore, various state governments impose taxes and levies on power, which might add 10% to the total cost.

Gas

While regional variations exist, gas prices in the US usually fall between $2 and $3 per therm. In colder climates like Minnesota, the increased demand for heating causes gas prices to climb.

Water

The local government usually provides water, and the price is based on usage. Although the average cost of utilising water in the US is $3.39 per 1000 gallons, expenditures can range from $1.00 to $8.00. Some states, like California, may have high water prices as a result of droughts. The availability of water benefits can encourage water conservation.

Sewer Services

The municipality often provides sewer services, which are charged based on consumption. The average monthly cost of sewage in the United States is $14.04 to $135.57. While monthly billing is the norm for sewage services, other places bill quarterly or annually.

Garbage Collection

The municipality typically handles garbage collection, and usage-based pricing is in place. Garbage collection in the United States typically costs $17.00 a month; however, prices can range from $10.00 to $30.00.

Internet

Internet services are provided by ISPs such as Verizon and AT&T. The fee is based on how much is used on the internet. The average monthly cost of Internet use in the US is $74.99.

Clothing and Accessories

In the US, there are big regional differences in the price of apparel. Affordable clothing options include t-shirts, jeans, and basic accessories, which may be bought for as little as $10 to $30 each. Designer labels and other high-end clothing can range from $50 to hundreds of dollars.

In the United States, personal care items can cost anything from extremely pricey high-end goods to incredibly cheap supermarket brands. Basic goods like shampoos, body washes, and lotions can cost between $3 and $10 per item, depending on the market.

Also, read: Study in USA without IELTS

Entertainment Cost in the USA

A few extra variables also affect the typical living expenses of overseas students in the United States. The most common incidental expenses are mentioned below.

Conclusion

To conclude, even with the high living expenses for international students in the United States, studying there is possible by properly understanding the cost-incurring factors and budget planning. The United States offers excellent education, a high level of living, and a wide range of career opportunities to graduates. If you plan ahead and make a budget, you can control your expenditures while you’re studying in the US.

We hope you enjoyed reading the blog and gained insights into the cost of living in USA for Indian students. However, if you have doubts about the same or want to study in USA, contact our expert counsellors at Meridean Overseas Education Consultants (MOEC). You can also take free online counselling through our website. Our expert counsellors will provide you with the best support and guidance you need for admission and visa. In addition, they will help you shortlist the universities according to your profile. For more information or any queries, contact [email protected] or 1800-1230-00011.

FAQs

Question- Which states in the US have the highest monthly cost of living for Indian students?

Answer- Some of the states in the US with the highest monthly costs include New York, California, Maryland, New Jersey, etc. These are large cities with generally higher living expenses in the United States. It is advised that candidates verify the expenses before applying for admission to the United States, as the fees are subject to change.

Question-  Is it expensive to live in the US?

Answer- Indeed, living in the United States is among the most costly options for overseas students. However, students might work part-time to lower their living expenses. The state in which a student resides will also affect the cost of living in the US. America is a costly place to live, although this varies from individual to individual. Consequently, candidates need to maintain an upper bound on their calculated amount so that they are ready to pay any additional costs. 

Question- Which are the most affordable universities in the US to study for international students?

Answer- According to U.S. News & World Report, some of the most reasonably priced US colleges for overseas students are:

Question- What is the average cost of living in the US per month?

Answer- Without rent, the average monthly cost of living in USA is about INR 98,000 ($1,172). This covers costs for things like cell phone and internet services, basic utilities, and transportation. The cost of living, however, might differ based on the city and way of life.

Question-  How can Indian students cut down the cost of living in the USA?

Answer- Indian students can reduce their living expenditures in the United States by selecting reasonably priced housing, preparing their food instead of eating out, utilising public transit instead of cabs, and enjoying student discounts on entertainment and other costs.

Question- Which city in the USA has the highest cost of living?

Answer- Many people agree that one of the most costly cities in the United States is New York City. Living expenditures in New York City are far higher than the national average, at about INR 1.3L ($ 1,649), with accommodation, food, and transportation being the main sources of expense. In New York City, the average monthly rent for a one-bedroom apartment is around INR 3.42L ($4,109). It’s crucial to remember that a person’s lifestyle may have a significant impact on their cost of living.

Question- What is the cost of living in USA for an Indian family? 

Answer- An Indian family’s cost of living in the USA might vary based on many variables, including family size, lifestyle, and geography. Without rent, it might cost as little as INR 3.5L ($4,174) a month on average. But this figure may go up, especially if you choose a high-end lifestyle or reside in a city centre.

Question- How much does it cost to live comfortably in the USA?

Answer- In a big American metropolis, an individual requires, on average, $96,500 for sustained comfort. Being able to pay off debt and make investments for the future are part of this.

Question- Which city is cheaper in the USA?

Answer—New Mexico’s Albuquerque is the cheapest city in the USA. Last year, Albuquerque was first on the list of least expensive cities to live in America and continues to be so, with a typical monthly rent of $775 and a rent cost of 21.5 percent of one’s salary. Sunsets are one of the finest things about New Mexico, and this city is no exception.